Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Take Responsibility For That Which Is Yours

New Zealand has not experienced such a convergence of negative economic indicators in over a decade, said ACT Leader Hon Richard Prebble.

An Institute of Economic Research survey released today shows that business trading was flat in the last quarter and that the New Zealand economy is static. Annual inflation is at three per cent and expected to rise to 4.5 per cent by the middle of next year while the dollar reached a record low last night of $US39.48 cents.

“New Zealand is integrated in, answerable to and totally dependant on an international marketplace. While factors like the oil prices are not the Government’s responsibility, they must take responsibility for those factors that are.

“Businesses are increasingly having margins squeezed through compliance costs in ACC and the Employment Relations Act. Big businesses are able to absorb these increases or move offshore. It is small businesses and their employees who will be ground under. Inevitable national wage award demands, the threat of whole industry strikes, and a dismal consumer outlook will see many New Zealand small businesses at breaking point by Christmas.

“The Government’s answer is to stage a public relations exercise. By inviting “vetted” business guests to a chinwag, and announcing export guarantees and R&D tax breaks for the select few, Helen Clark hopes to deflect debate from the fact that New Zealand is becoming a third world economy.

“Our closest trading partner is now publicly bagging Helen Clark’s economic mismanagement.

“Yesterday the Australian Financial Review’s editorial slammed the “Labour Government’s ‘backward-looking’ economic agenda” and “Ms Clark’s old-fashioned “let Wellington solve it” economic agenda,” before finishing “if Ms Clark’s Labour Government continues to thumb its nose at the economic reform agenda, the world will rightly figure that New Zealand has lost the plot.”

“New Zealand is no longer combating its geographical isolation with superior policies. New Zealand must implement a 20 per cent business and personal tax rate, repeal the Employment Relations Act, and develop progressive and intelligent economic policies to attract our skilled and talented back home.

“The Government must promise a significant change in economic policies as meaningless public relations exercises will not soften the stagflation blow,” said Hon Richard Prebble.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election